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Draft Proposals for Facilitating Electronic Transactions

Start Date :

Jun 16, 2015

Last Date :

Jun 29, 2015

17:00 PM IST (GMT +5.30 Hrs)

Submission Closed

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement: ...

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement:
“One way to curb the flow of black money is to discourage transactions in cash. Now that a majority of Indians has or can have, a RUPAY debit card. I therefore, proposes to introduce soon several measure that will incentivize credit or debit card transactions and disincentivize cash transaction”.
Accordingly, draft proposals for facilitating electronic transactions (E-transactions) have been prepared. Comments and views are invited on the Draft Proposals.
Draft Proposals For Facilitating Electronic Transactions (The Proposals placed below are only at the draft stage and are being placed here to obtain public opinion. The proposals as they stand at this stage, do not imply any commitment from the government)
The last date to share your views is 29 June, 2015 by 5:00 p.m.

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Showing 1250 Submission(s)

Saminathan Gurusamy 11 years 1 month ago

Donations above Rs. 100 to charities and NGOs must be paid only through Electronic means.

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jegatheesa sakkarawarthi 11 years 1 month ago

FIRST ALL GOVT STAFF USE DEBIT OR ATM CARD ONLY IN THERE POCKET FOR OFFICE TIME, IN CASE NAY BODY HAVE MONEY IT IS A CRIME ACT THAT MONEY HAND OVER THE GOVERNMANT KAJANAA AND FILE THE CASE FOR THAT PERSON

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Jag Mohan Manchanda 11 years 1 month ago

It is a very good idea & would save paper, expedite payments & cut down unaccounted money in circulation. Since cash payments in trade fetch a discount of 2% plus tax-avoidance, therefore the least that can be done is to offer a similar discount to persons making payment electronically & dis-incentivize cash payments through a surcharge on them. Use Post & telegraph offices, Metro/Rail stations, Banks/Public buildings to set up kiosks where payments for all govt services & utilities can be made

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jegatheesa sakkarawarthi 11 years 1 month ago

FIRST ALL SCHEME FOLLOWED BY ALL GOVT STAFFS, FOR SMOKING FREE, HELMET USE , CLEAN INDIA , ALL FACTORY GATE HANG THIS 3 THINGS ,,,,,THEY SHOULD CONTROL THERE EMPOLYEE BEHAVENESS .....

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Sunil Garg_1 11 years 1 month ago

It is a very good propasal.There must be good incentive to the users aswell as comercial establishments also. If passable salestax may be deducted automatically from the transaction and credited in the government account and rest amount will be credited in the shopkeeper account

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JAGDISH PATHAK 11 years 1 month ago

Strong & powerful with high speed and capacity server,network,portal should be developed so that,minimum error or complain of slow server can be avoided,now, e.i., taxation server are so many times hanged or shows error, If the electronics transaction want to encourage and enhenced, the infrastructure development is essential for accuracy, speed and satisfactory transactions by electronics media. I suggest that at initial stage some catagory should be involved under e.payment.

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KIRANCBN 11 years 1 month ago

Sir Why not withdraw currency note of Rs 1000/500? for any given day, day to day cash needed per family can be good with 100 or less currency notes, any higher transaction will be facilitated with e transaction, which leads better tax collection and curb domestic block money, fake currency and money power in election, simple but more effective

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SATYAMRAJU PAKALAPATI 11 years 1 month ago

1. First govt has to make it mandatory for all employees LTC, tour TA etc must be paid ECS only. Now mostly it is paid through cash 2.even for booking railway tickets bank are charging 10 to 30 rupees that should be waived.

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Palsamy K 11 years 1 month ago

Good idea. But most of the merchants (like jewellery, electronics) charge 2% extra while doing payments through credit or debit cards. Also online sites (like electricity, insurance, railways, city corporation) charge extra amount while payment is done through cards. These can be eliminated, so cards usage for payment will be increased.

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Rajeev Mahajan_1 11 years 1 month ago

Businessmen in cities like Delhi do not have bank accounts operating on "cash only" basis. Maintaining bank accounts must be made mandatory for annual turnover over say, Rs 2,5 lakh p.m. 2. All Central and State Govts. should not charge service or convenience fee by whatever name. Utilities must consider a discount for electronic payments including internet banking. 3. India-wide campaign for public at large not to share passwords and PIN with anyone. 4. Ceiling for cash txn be Rs 5 lakh.

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